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Does Going Tough on Banks Make the Going Get Tough? Bank Liquidity Regulations, Capital Requirements, and Sectoral Activity

Igan, Deniz - 2020

liquidity and capital levels were related to differences in sectoral activity around the period of the global financial crisis … capital ratios, performed relatively better during the crisis, with regard to investment rates and the creation of new … enterprises. This relationship, however, exists only for bank-based systems and emerging market economies. In the pre-crisis …

Persistent link: https://www.econbiz.de/10012828242

Macroprudential Policies, Economic Growth, and Banking Crises

Belkhir, Mohamed - 2020

Generalized Impulse Response Function analysis of a dynamic system composed of the probability of a banking crisis and economic …

Persistent link: https://www.econbiz.de/10012831600

The Anatomy of the Transmission of Macroprudential Policies

Acharya, Viral - 2020

We analyze how regulatory constraints on household leverage-in the form of loan-to-income and loan-to-value limits-a?ect residential mortgage credit and house prices as well as other asset classes not directly targeted by the limits. Supervisory loan level data suggest that mortgage credit is...

Persistent link: https://www.econbiz.de/10012831608

Negative Monetary Policy Rates and Portfolio Rebalancing : Evidence from Credit Register Data

Bottero, Margherita - 2019

, severely hit by the Eurozone crisis. NIRP has expansionary effects on credit supply---and hence the real economy---through a …

Persistent link: https://www.econbiz.de/10012889149

Will Macroprudential Policy Counteract Monetary Policy's Effects on Financial Stability?

Agur, Itai - 2016

How does monetary policy impact upon macroprudential regulation? This paper models monetary policy's transmission to bank risk taking, and its interaction with a regulator's optimization problem. The regulator uses its macroprudential tool, a leverage ratio, to maintain financial stability,...

Persistent link: https://www.econbiz.de/10012996077

Taming Financial Development to Reduce Crises

Ben Naceur, Sami - 2019

This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it...

Persistent link: https://www.econbiz.de/10012868462

External Financing Risks : How Important is the Composition of the International Investment Position?

Cubeddu, Luis; Ahmed Hannan, Swarnali; Rabanal, Pau - 2021

external crisis, while higher levels of foreign-currency-denominated external debt increase the likelihood of sudden stops … imbalances amplifies external risks, especially during periods of heightened global risk aversion. The results are especially …

Persistent link: https://www.econbiz.de/10013243065

'Leaning Against the Wind' and the Timing of Monetary Policy

Agur, Itai - 2013

If monetary policy is to aim also at financial stability, how would it change? To analyze this question, this paper develops a general-form framework. Financial stability objectives are shown to make monetary policy more aggressive: in reaction to negative shocks, cuts are deeper but...

Persistent link: https://www.econbiz.de/10013082854

Eye of the Storm : The Impact of Climate Shocks on Inflation and Growth

Cevik, Serhan; Jalles, João Tovar - 2023

What is the impact of climate change on inflation and growth dynamics? This is not a simple question to answer as climate shocks tend to be ubiquitous, but with opposing effects simultaneously on demand and supply. The extent of which climate-related shocks affect inflation and economic growth...

Persistent link: https://www.econbiz.de/10014354589

The Modern Hyperinflation Cycle : Some New Empirical Regularities

Saboin, Jose - 2019

Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles...

Persistent link: https://www.econbiz.de/10012895119